According to the index group, beginning in September 2002, all companies will need to meet more comprehensive environmental measures to qualify for the index series.
The changes will require businesses to publish additional information on their environmental policies and procedures.
At its March meeting, the FTSE4Good Advisory Committee agreed to adopt new definitions describing a business’ impact on the environment. Companies will be placed in a high, medium or low category, depending on their impact on the environment.
The categories were defined using an environmental methodology developed by the Ethical Investment Research Service and each category has graded eligibility requirements.
Companies will be categorized at the FTSE4Good review in September 2002 and will then need to meet FTSE’s phased implementation schedule.
See the FTSE4GOOD Web site for more about the changes.
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